Ethereum Intraday: above its upper Bollinger band
Ethereum (ETH/USD)
-103.07-2.38%
the upside prevails as long as 4232 is support.
Our pivot point is at 4232.
Our preference: the upside prevails as long as 4232 is support.
Alternative scenario: below 4232, expect 4140 and 4086.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4247 and 4230). Finally, the Ether / Dollar has crossed above its upper Bollinger band (4314).
Supports and resistances:
4606 **
4551 *
4496 **
4441
4332 last
4267
4232 **
4140 *
4086 **
Our preference: the upside prevails as long as 4232 is support.
Alternative scenario: below 4232, expect 4140 and 4086.
Comment: the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 4247 and 4230). Finally, the Ether / Dollar has crossed above its upper Bollinger band (4314).
Supports and resistances:
4606 **
4551 *
4496 **
4441
4332 last
4267
4232 **
4140 *
4086 **
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